Consolidated revenues for the nine months ended May 31, 2013 were $609.9
million, down 6% from $646.7 million last year. Consolidated segment
profit was $215.6 million, down 6% from $229.1 million last year. Net
income attributable to shareholders for the nine months was $148.0
million ($1.77 per share basic and $1.76 per share diluted), up 18%
compared to $125.3 million ($1.51 per share basic and $1.50 per share
diluted) last year. Year-to-date net income includes a pre-tax charge
for debt refinancing of $25.0 million and a gain related to the sale of
the Company's non-controlling interest in Food Network Canada of $55.4
million. Removing the impact of these items results in an adjusted net
income attributable to shareholders of $111.1 million ($1.33 earnings
per share basic) in the current year.

Operational Results - Highlights

Television

Segment revenues decreased 1% in Q3 and 7% year-to-date

Specialty advertising revenues increased 9% in Q3 and 1% year-to-date

Subscriber revenues increased 2% for Q3 and were flat year-to-date

Merchandising, distribution and other revenues declined 26% in Q3 and
31% year-to-date

The unaudited consolidated financial statements and accompanying notes
for the three and nine months ended May 31, 2013 and Management's
Discussion and Analysis are available on the Company's website at
www.corusent.com in the Investor Relations section.

A conference call with Corus senior management is scheduled for July 11,
2013 at 2:00 p.m. ET. While this call is directed at analysts and
investors, members of the media are welcome to listen in. The dial-in
number for the conference call for North America is 1.800.732.6870 and
for local/international callers is 416.620.9188. PowerPoint slides for
the call will be posted 15 minutes prior to the start of the call and
can be found on the Corus Entertainment website at
www.corusent.com in the Investor Relations section.

This press release contains forward-looking information and should be
read subject to the following cautionary language:

To the extent any statements made in this report contain information
that is not historical, these statements are forward-looking statements
and may be forward-looking information within the meaning of applicable
securities laws (collectively, "forward-looking statements"). These
forward-looking statements related to, among other things, our
objectives, goals, strategies, intentions, plans, estimates and
outlook, including advertising, distribution, merchandise and
subscription revenues, operating costs and tariffs, taxes and fees, and
can generally be identified by the use of the words such as "believe",
"anticipate", "expect", "intend", "plan", "will", "may" and other
similar expressions. In addition, any statements that refer to
expectations, projections or other characterizations of future events
or circumstances are forward-looking statements. Although Corus
believes that the expectations reflected in such forward-looking
statements are reasonable, such statements involve risks and
uncertainties and undue reliance should not be placed on such
statements. Certain material factors or assumptions are applied in
making forward-looking statements, including without limitation factors
and assumptions regarding advertising, distribution, merchandise and
subscription revenues, operating costs and tariffs, taxes and fees and
actual results may differ materially from those expressed or implied in
such statements. Important factors that could cause actual results to
differ materially from these expectations include, among other things:
our ability to attract and retain advertising revenues; audience
acceptance of our television programs and cable networks; our ability
to recoup production costs, the availability of tax credits and the
existence of co-production treaties; our ability to compete in any of
the industries in which we do business; the opportunities (or lack
thereof) that may be presented to and pursued by us; conditions in the
entertainment, information and communications industries and
technological developments therein; changes in laws or regulations or
the interpretation or application of those laws and regulations; our
ability to integrate and realize anticipated benefits from our
acquisitions and to effectively manage our growth; our ability to
successfully defend ourselves against litigation matters arising out of
the ordinary course of business; and changes in accounting standards.
Additional information about these factors and about the material
assumptions underlying such forward-looking statements may be found in
our Annual Information Form. Corus cautions that the foregoing list of
important factors that may affect future results is not exhaustive.
When relying on our forward-looking statements to make decisions with
respect to Corus, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. Unless
otherwise required by applicable securities laws, we disclaim any
intention or obligation to publicly update or revise any
forward-looking statements whether as a result of new information,
events or circumstances that arise after the date thereof or otherwise.